Thursday, December 22, 2011

Private Sector Wage Jobs Increase in Abq

The Department of Workforce Services released metro area job totals this afternoon. Before getting to those numbers, a correction. In the report from the Bureau of Labor Statistics posted Tuesday, I messed up the trade sector performance. Trade employment increased 3,100 instead of dropping 3,100 as I wrote. Sorry.

The DWS analysis has a new and useful emphasis on the private sector performance as compared to the government.

New Mexico had added jobs for six months, DWS says, not many each month but the trend is nice.

Albuquerque continues to look a little less bad, if not quite up to being “better.” Though the wage job total dropped yet again from year ago, private sector wage jobs increased on a year over year basis for the first time since January 2008. The 1,200 disappeared government jobs offset the increase.

Leisure and hospitality wage employment in Albuquerque grew 1,600 from November 2010 to November 2011. With 39,300 jobs, the sector is Albuquerque fourth largest private sector. Outside Albuquerque the sector lost 100 jobs, dropping the statewide gain to 1,500.

While restaurants and bars provide most leisure and hospitality jobs, DWS says the sector includes hotels, performing arts and spectator sports; museums, parks, and historical sites; and amusement, gambling, and recreation. These businesses attract discretionary spending. People don’t have to go to restaurants, museum or casinos. Something good is happening here, even if metro job totals don’t suggest a source of the money.

In Las Cruces wage jobs declined by 500 year over year. Private sector employment grew by 400 and government lost 900.

Santa Fe added 300 wage jobs from November 2010 to November 2011.

Farmington added 900 jobs over the year.

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